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The Rise and Rise Of Bitcoin

The rise and rise of Bitcoin, movie cryptocurrency

Daniel is a 35-year-old computer programmer from Pittsburgh who lives a busy life. Along with balancing work, his marriage, and raising his three boys, Daniel spends much of his time actively involved in all things Bitcoin. After discovering Bitcoin in 2011, his love and obsession for the crypto-currency was born, revealing an uncharted world of new possibilities for him to explore.

Join us as we take a journey through the rapidly growing world of Bitcoin. Along the way, we’ll follow the stories of entrepreneurs and startups that are helping shape the new financial frontier. We’ll look at the competitive mining market and the various subcultures within the Bitcoin community. You’ll encounter a variety of characters and opinions as we examine the social and political impact of an open-source digital currency. Will the rise of Bitcoin bring a monetary paradigm shift that will forever change the world?

That is the explanation for the movie “The Rise and Rise of Bitcoin” (TRRB) according to their website. The movie is played out over a number of years; from 2010 when Laszlo Hanyecz used 10,000Bitcoins to pay for two Papa John’s Pizza’s to its peak when 1 Bitcoin was valued at over $1,000 in 2013.

Throughout the span of the movie, the Bitcoin community does a fantastic job of explaining why Bitcoin has been able to success.

How is the movie helpful to the cryptocurrency economy?

The Rise and Rise of Bitcoin does well to explain what its title suggests. It proposes that the journey has just begun and that the coin’s disruptive element will be felt for a long time to come.

While acknowledging the dark side of Bitcoin, the movie features an interview with an early adopter of the cryptocurrency, who also happens to be a drug dealer. The film however, fails to address the concerns of more prudent economists such as Brad DeLong and the New York Times Op-Ed columnist Paul Krugman, over whether the coin is actually a store of value.

TRRB also tackles the two stains on Bitcoins existence, Silk Road and MT.Gox. However, these two events have proven to be learning curves and the platform has matured. Bitcoin “believers” are convinced that the cryptocurrency has the ability to significantly disrupt or even completely replace traditional banking and money transfer systems.

While the movie does not quite inspire you to change your dollars for Bitcoins now, it does its job well by explaining what Bitcoin is and why it has so much potential. Bitcoin entrepreneurs featured in the movie have also shown that mining is not a “get rich quick scheme”

Conclusion

If you still aren’t sure about what Bitcoin is, TRRB is a must watch. The Rise and Rise of Bitcoin, directed by Nicholas Mross, features Daniel Mross as he learns more about what “the currency of the future”

Will Bitcoin be able to bring a paradigm shift in the way our financial system works, or is it just a geek’s fad? The answer to this question is yet to be answered, in the meantime, Bitcoin; the first cryptocurrency in existence is slowly gaining popularity as a cheap and fast way to send and receive funds, without any third party interference.